Greystar Share Discussion Threads

[rambutan2] 25/8/2005 16:36

closed out on aim at new high as mms try to keep up with tsx.

[rambutan2] 25/8/2005 15:53

i think that the odds on that happening are better than usual.

everything points to the resource figs going up and up the more they drill - and they are doing plenty of drilling.

[wassapper] 25/8/2005 15:16

This company is doing great. If they keep on like this they must get taken out by a major. We will be looking at a plus 10m oz gold resource here. Just what the majors want.

[bionicdog] 25/8/2005 15:05

That'll do for now :o)

[rambutan2] 25/8/2005 10:56

and helping us towards 300p...

Greystar says intercepts higher-grade gold at Angostura, Silencio

LONDON (AFX) - London and Toronto-listed gold miner Greystar Resources Ltd said it has intercepted higher-grade gold in the northern limit of the La Alta area of its wholly-owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia while at Silencio, it said, a number of higher grade shoots were also encountered including a 4.75 metre interval grading 54.07 grams gold per tonne.

[bionicdog] 24/8/2005 15:51

I'll come back in off the ledge then.

[budevenwiser] 24/8/2005 15:15

nope i'm here as well you old dog
bought a few yesterday for first time , not illiquid enough , my broker had to drop his cecks to get a few and pay 2p over the offer
like the look of these

[gardenboy] 24/8/2005 15:13

bionic,

still here, but happy to let you see it first ;~)

[bionicdog] 24/8/2005 15:10

Just me here to see it though by the look of it. :o(

[bionicdog] 24/8/2005 08:02

Ready for a new high?

[gardenboy] 19/8/2005 23:23

.....also article today about Greystar in MiningNews.net but my complimentery pass has expired - anyone with a subscription ?

[gardenboy] 19/8/2005 23:10

wayout,

thanks for that - link posted in header :~)

[wayoutwest] 19/8/2005 23:01

New Greystar article:

[bionicdog] 17/8/2005 10:38

It'll be interesting to see what happens when the TSE opens as this is too thinly traded over here.

[gardenboy] 17/8/2005 09:04

nice news - upped my investment today :~)

[rambutan2] 17/8/2005 08:09

here we go...

Greystar Reports a New Mineral Resource Estimate

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 16, 2005) - Greystar Resources Ltd (TSX:GSL)(AIM:GSL)
is pleased to report that a new, independently-directed mineral resource estimate has increased the indicated gold resources by 69.3 % and substantially expanded the overall contained ounces of gold on
its wholly-owned Angostura property in northeastern Colombia.

Highlights:

- Indicated resource estimate at Angostura of 5.83 million ounces of gold with 24.6 million ounces ofsilver.

- Inferred resource estimate at Angostura of 4.47 million ounces of gold with 21.5 million ounces of silver.

"The continued success of our 2005 drilling program has not only upgraded a significant portion of the Angostura deposit's mineral resource to the indicated classification but also discovered additional
resources that increased the overall contained ounces of gold," says Greystar's Executive Vice- President, Frederick Felder. "And the deposit remains open in all directions indicating the potential for further increases is favorable."

[mikkydhu] 16/8/2005 23:25

New resource estimate now out. 69% increase in au oz to a total of over 10 million and open in all directions. Has to be tempting to some major.

[rambutan2] 14/8/2005 13:33

hi mikky, as you say, such a vast resource and i am confident that it will continue to get larger and larger until someone buys them out at...

[mikkydhu] 14/8/2005 07:53

Hi rambutan, interesting that it is being noticed. I picked up some more recently. Such a vast resource. Must be valued more highly before long.

[rambutan2] 14/8/2005 01:08

got a write up in ft on fri. just rewriting what in results. but interesting that they picked it out.

also, was honoured with a mention in ft earlier in the week in the fund of the day piece which that day was fleming natural resources. manager henderson said it v promising.

has drifted back down on "bored" selling. imho it mad to sell at current price.

[rambutan2] 01/8/2005 18:59

also, no one commented on 20/07 drilling update...

"After each set of drill results we are getting a better and better picture of the overall geometry and potential of the Angostura property," says Greystar's President, David Rovig. "And the latest results continue to show higher-grade, gold-bearing structures that are so significant because these zones host more than 30% of the contained gold outlined at Angostura so far."

...Greystar is especially pleased that the ongoing drill program has now tied in the mineralization at Veta de Barro with the La Alta area, which was previously the most northern portion of the Angostura deposit. Drilling in this area, known as El Pozo is continuing and additional vein structures have been identified.

it well worth a full read. beginning to look like they may have found the fabled Eldorado!

[rambutan2] 01/8/2005 18:51

bit out of date, and he being too cautious on price...
2005-07-14 19:21 ET - In the News

Douglas Casey, writing in the July 1, 2005, edition of his International Speculator, says Greystar Resources Ltd., then $5.50, is a buy at about $5. The Aspen-based letter writer says major gold producers are scrambling to replace depleting reserves, and Greystar may be in the line of sight of major producers. Mr. Casey likes the people behind Greystar, including David Rovig, president since 1994. The company's asset is the wholly owned Angostura deposit in volatile Colombia. Angostura has almost eight million ounces of gold and more than 31 million of silver and the potential to get much larger. Greystar optioned the property in 1994, drilling 118 holes before one of its drill contractors was kidnapped in 1998, after which no work was done until 2003. Now, with eight drills turning full bore, the deposit keeps getting bigger. There are regional targets within the 6,700-hectare concession that have never been drilled. If Greystar succeeds with the metallurgy, and provided Colombia remains quiet, the valuation gap between Greystar and its peers will start to narrow. Says Mr. Casey: "Don't chase it. Instead, put it on your list of companies to watch, then try to pick up shares on any volatility."

[langland] 24/7/2005 11:14

Unfortunately, I got out of this position a bit too early. However, for those who are comfortable with this sort of risk may like to look at Anatolia Minerals (ANO) ...only listed in Canada but trying to prove up an 'inferred'resource of 4mn ounces. Has big acreage and JV's with Rio. Not intended as a ramp and, as always, people must their own due diligence.